156 Woodford Street, Portland, ME 04103 (MLS# 1631993)

This property has just been completely repurposed from a long standing commercial space into a 7 unit building with 6 residential units PLUS 1 commercial unit. Situated in the center of Woodfords Corner, this area reaps the benefits of the very strong, well managed and vibrant Woodfords Neighborhood Association. (Check out their impressive Website!) You will be surrounded by a bustling lifestyle with walkability to many fabulous restaurants, shops, the bus line, colleges and the beautiful Baxter Boulevard path around the Bay! Reinventing this space involved the following: installing a new roof and all new windows, new high-efficiency heating and electrical systems, new ultra durable waterproof and scuff proof luxury vinyl plank flooring, stainless appliances and tasteful electrical and plumbing fixtures, washer and dryer hookups in each unit, heat pumps for both heat and cooling in each unit, industrial sound insulation between all walls and ceilings separating units... in addition to 8 inches thick of dense packed insulation in all exterior walls, R-60 attic insulation, and spray foamed basement foundation walls, and a new fire alarm and sprinkler system throughout. This building offers the highest industry standards for insulation and efficiency, as well as the most up to date air quality and central ventilation equipment! Enjoy this low maintenance investment property, in a popular historic area of Portland with strong and steady increases in property values and income potential. The attached Income and Expense projections are based on conservative numbers, so your financial reward has no place to go but up! If you are looking for a property as a first time investment, a property to add to your current portfolio, a 1031 Exchange property and/or a place to lower your living expenses by owner occupying, then you need to schedule a showing today!!

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